Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 3
Federal Reserve Bank of: Philadelphia

Filings received during the week ending June 28, 2008

Filer

Filing Type

Filing Proposal

End of Comment Period

RELIANCE BANCORP,MHC

* 3A1

Reliance Bancorp, MHC, (in formation), Altoona, PA, and Reliance Bancorp, Inc., (in formation) Altoona, PA, each to become a bank holding company in connection with the reorganization of Reliance Savings Bank, Altoona, PA, from a state chartered mutual savings bank into a state chartered stock savings bank.

Newspaper:	07/18/2008
Federal Register:	07/17/2008

ROYAL BANCSHARES OF PENNSYLVANIA, INC.

CIC

Evelyn Rome Tabas, Narberth, Pennsylvania, requests permission to acquire 25 percent or more of the shares and thereby control of Royal Bancshares of Pennsylvania, Inc., Narberth, PA. Royal Bancshares of Pennsylvania controls Royal Bank of Pennsylvania, Narberth, PA. Once acquired, the shares will be sold to six individual trusts: (i) Lee E. Tabas Trust, (ii) Susan Tabas Tepper Trust, (iii) Robert Royal Tabas Trust, (iv) Linda Jane Tabas Stempel Trust, (v) Carol Tabas Trust, and (vi) Jo Ann Wurzak Trust, (collectively the ?Trusts?). As such, the Trusts, and Nicholas Anthony Randazzo, Clifton Heights, PA; Robert Royal Tabas, Bryn Mawr, PA; and Linda Jane Tabas Stempel, Haverford, PA, as co-trustees of each of the six trusts, also request permission for the trusts to acquire 25 percent or more of the shares and thereby control of Royal Bancshares of Pennsylvania, Inc., and indirectly control of Royal Bank of Pennsylvania.

Newspaper:	07/06/2008
Federal Register:	07/14/2008

Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

Institution / Location	RSSD ID	Exam Date	CRA Public Date	CRA Rating	Exam Method
NONE

CRA Examinations scheduled for Quarter of

Institution	Location
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 3 Federal Reserve Bank of: Philadelphia

Filings received during the week ending June 28, 2008

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 3
Federal Reserve Bank of: Philadelphia